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Foundation for the Sevier County Public Library System

Tax-deductible

Sevierville, TN501(c)(3)Education EIN 20-0746397Revenue $131K in FY2024

On file with the IRSsevierlibrary.orgPo Box 6693, 37864-6693 · Sevierville, TNTax-exempt since Jul 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To support the projects not supported by local governing body for Sevier County Library System

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $54K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
163 mo
of spending, in cash
Looks good: 162.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$131K
-23% vs prior year
Spent
$70K
To programs
100%
Net assets
$954K
By yearFY2020–FY2024
Revenue
$131K
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2021$598K
FY2022$98K
FY2023$170K
FY2024$131K
Expenses
$70K
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$26K
FY2021$34K
FY2022$720K
FY2023$50K
FY2024$70K
Net assets
$954K
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$832K
FY2021$1.4M
FY2022$774K
FY2023$893K
FY2024$954K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $70K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Chuck Atchley
President and Director
$0Pt VII · Sec A
Janet King
Secretary and Director
$0Pt VII · Sec A
Danny King
Vice President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Gary Wade
Director
$0Pt VII · Sec A
Greg Patterson
Treasurer and Director
$0Pt VII · Sec A
Bob Parker
Director
$0Pt VII · Sec A
Marlo Yarnall
Bookkeeper
$0Pt VII · Sec A
See Foundation for the Sevier County Public Library System executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds library projects local government doesn't cover.

Questions for Foundation for the Sevier County Public Library System

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Provided by the organization

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1 program · $70K · in their own filed words · FY2024
01

Supported the projects not supported by local governing body for sevier county library system

$70Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$29
Total grants receivedfrom 1 funder$29
Grants paid · 8 grants · $813K · 2022–2024
Friends of King Family LibraryFY2024$39,575
Sevier Co Library Kodak BranchFY2024$17,294
King Family LibraryFY2024$5,732
Friends of King Family LibraryFY2023$22,684
King Family LibraryFY2023$9,923
Sevier Co Library - Seymour BranchFY2022$691,993
Friends of King Family LibraryFY2022$21,816
King Family LibraryFY2022$3,820

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$131K
Ln 12
Gifts and grantsLn 1h$108K
Investment incomeLn 3$23K
Money outPt IX
$70K
Ln 25
Programscol B$70K
Owns and owesPt X
$954K
net assets · Ln 32
Cash and savingsLn 1–2$954K
Total assetsLn 16$954K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Investment incomeLn 3$23K
Total revenueLn 12$131K
Assets in detailPt X, end of year
CashLn 1$954K
Cash and savings togetherLn 1–2$954K
Total assetsLn 16$954K
LiabilitiesLn 26$0
Net assetsLn 32$954K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$885K$954K
Total assetsLn 16$893K$954K
LiabilitiesLn 26$0$0
Net assetsLn 32$893K$954K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$63K$63K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$70K$70K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $131K$70K$61K$954K 990 PDF
FY2023 $170K$50K$120K$893K 990 PDF
FY2022 $98K$720K−$622K$774K 990 PDF
FY2021 $598K$34K$564K$1.4M 990 PDF
FY2020 $175K$26K$149K$832K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $130,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,201$107,689
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,411$23,289
I-11 Other revenue$0
I-12 Total revenuePrior year $169,612$130,978
I-13 Grants and similar amounts paidPrior year $32,607$62,601
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,496$7,692
I-18 Total expensesPrior year $50,103$70,293
I-19 Revenue less expensesPrior year $119,509$60,685
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $130,978 across 5 lines filed
VIII-1f All other contributions, gifts and grants$107,689
VIII-1h Total contributions, gifts and grants$107,689
VIII-3 Investment incomeRelated to mission $23,289$23,289
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,289 · Unrelated business $0 · Excluded from tax $0$130,978
Part IX · Statement of functional expenses $70,293 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $62,601$62,601
IX-11c Accounting feesPrograms $1,100$1,100
IX-24 Other expenses (24a–d)Programs $6,592$6,592
IX-25 Total functional expensesPrograms $70,293 · Management $0 · Fundraising $0$70,293
Part X · Balance sheet $954,077 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $885,098$954,077
X-16 Total assetsStart of year $893,392$954,077
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $56,297$42,834
X-28 Net assets with donor restrictionsStart of year $837,095$911,243
X-32 Total net assets or fund balancesStart of year $893,392$954,077
X-33 Total liabilities and net assetsStart of year $893,392$954,077
Part XI · Reconciliation of net assets $954,077 net assets at year end
XI-1 Total revenue$130,978
XI-2 Total expenses$70,293
XI-3 Revenue less expenses$60,685
XI-4 Net assets at start of year$893,392
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$954,077

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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